Looking to diversify beyond SBMBX? The mutual funds below have the lowest correlation with SBMBX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from SBMBX.
Best Diversifiers for SBMBX
8 mutual funds have low correlation with SBMBX (below 0.3), 1 of which are negatively correlated. The least correlated is Saratoga Municipal Bond Portfolio (SMBPX) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Saratoga Municipal Bond Portfolio | -0.03 | 0.05 | 0.02 | 91 | Ultrashort Bond | SBMBX vs SMBPX | |
| JHancock Infrastructure Fund | 0.19 | 0.44 | 0.50 | 56 | Energy Equities | SBMBX vs JEEIX | |
| abrdn Global Infrastructure Fund | 0.23 | 0.45 | 0.54 | 64 | Energy Equities | SBMBX vs AIFRX | |
| Saratoga Mid Capitalization Portfolio | 0.23 | 0.46 | 0.56 | 54 | Mid Cap Blend Equities | SBMBX vs SPMAX | |
| Cohen & Steers Global Infrastructure Fund, Inc. | 0.24 | 0.43 | 0.50 | 53 | Energy Equities | SBMBX vs CSUIX |
See all 20 diversifiers for SBMBX
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